Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) APRA must comply with this section before giving a recapitalisation direction that directs a life company to issue capital instruments other than shares, or rights to acquire shares, in the company.
(2) APRA must comply with any requirements of the regulations relating to ascertaining the fair value of the capital instruments.
(3) Regulations made for the purposes of this section may
specify different requirements in relation to different kinds of capital
instruments.